Nasdaq-100 Index (#US100) Waiting For Breakout – Analytics & Forecasts – 23 March 2023

⚠️Nasdaq Index is stuck between 2 solid structures.

Depending on the reaction to the underlined areas, I see 2 potential scenarios.

1 – Bullish

If the price breaks and closes above 12700 – 12900 supply cluster on a daily,

I will expect a bullish movement at least to 13130

2 – Bearish

If the price drops and closes below 12300 – 12500 demand area on a daily,

I will expect a selloff to 11900

Wait for a breakout, it will show us the future direction of the market.

For Additional confirmation use: Breakout Indicator

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